India green lights restructuring of THDC, NEEPCO boards amid a push for expediting hydropower projects
Yeni Delhi: Ministry of Public Enterprises (DPE), NTPC subsidiaries THDC India Ltd (THDCIL) and North Doğu Electric Power Corp. The LTD (Neepco) has a green illuminated proposal to restructure the boards, which makes them a driving force for Hydropuwer projects during the East and North-Budget of India.
In a communication with the Ministry of Union forces on July 18, DPE signed an agreement with the proposal of the Ministry to have the non -executive president and to redesign the task of the General Manager of Neepco and THDCIL.
When implemented, India’s largest energy production installation NTPC LTD President and General Manager will not have operational control of these strategic hydroelectric companies and will be non -executive presidents.
The appointment of executive directors in THDC and Neepco shall be realized according to the DPE instructions within the scope of the Ministry of Finance of the Union, through the Public Enterprises Election Board and the Appointment Committee of the Union Cabinet.
Currently, RK is the cmd of Vishnoi thdcıl, the NTPC Gurdeep Singh’s cmd is charged as CMD of Neepco.
In addition, DPE proposed more changes in the boards to “more simple” and “efficiency, coordination and improving decisions” and asked the Ministry of Power to find a reviewed offer.
The tasks of the managers (finance, technical and personnel) from THDC and Neepco ANT will be removed, but NTPC Director (Finance) will be presented at all major board meetings on financial issues.
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“The Director (Finance) is an important task for the implementation of the delegates delegated within the scope of Miniratna program. According to DPE Directives, Government Managers, Principal Financing and relevant Functional Directors, especially in relation to the investments, expenditure or organizational/capital restructuring, it should be submitted to the NTPC, Neepco. It should be present at meetings on major decisions on all important financial matters. ”
The NTPC and UTTAR Pradesh government joint attempt, THDC has important hydro projects in other parts of the country, including other regions of the country, including threat, Koteshwar and Vishnugad Pipalcoti projects in Uttarakhand.
Founded in July 1988 to develop, operating and maintaining the Hydroelectric Project Complex of 2.4 GW Thdcıl, currently has the capacity of 4.35 GW operational power production between energy sources.
Initially, the company’s essence was held at 75:25 between the Indian government and the Uttar Pradesh government. As a strategic separation, NTPC LTD took over the share of the center on March 25, 2020. As a result, THDCIL became a subsidiary of NTPC with the share of 74.496 and 25.504% by the NTPC LTD and UTTAR Pradesh government.
According to the company website, THDC India started the commercial functioning of Kurja Super Thermal Power Plant (2 × 660 MW) and Unit-I (250 MW) of the Unit (4 × 250 MW) (4 × 250 MW) (4 × 250 MW) in 2025.
Neecpo, which was combined to plan, design, build, build, operate and maintain in 1976 in the North East Region, Neecpo operates six hydro, three thermal and one solar power plant spread over different states in the northeast region.
Neepco appointed Kameng HPS (600 MW) (600 MW), the largest hydro project in 2020-21. Since March 2020, the company has become a subsidiary of NTPC.
In March 2020, the NTPC purchased approximately in both companies. La11,500 crore.
The Ministry of Power also suggested that the government or NTPC’s number of candidates for the number of candidates for the current two. However, DPE claimed that the number should be two.
“According to the DPE instructions, the number of candidates should be limited to the maximum of two or should not exceed the real power of the board. NTPC, President and Director (Finance). should. ”
Furthermore, the DPE, which came under the Ministry of Finance, accepted the number of directors independent of the existing eight -three directors as lower than the number proposed by the Ministry of Power. He noted that the number of non -part -time directors or independent executives should be at least one third of the actual power of the Board. And miniratna companies must be at least three non -functional managers of the boards.
“As recommended above, NTPC will be represented through the president. Director (Finance), NTPC, especially when they are related to investments, expenditures or organization/capital restructuring, NTPC’s NTPC candidate managers were claimed to be the maintenance of Neepco & Thdcıl candidates.”
CALL FOR RETURNING
In the DPE notification, the Ministry of Power, Neepco and Thdcıl’in this composition in the light of existing DPE instructions, he said.
Notification, “Regarding the current officials, the Ministry of the Board of the Ministry can take the decisions of the appropriate decisions. MOP is asked to submit an proposal according to the above -mentioned suggestions.” He said.
According to the suggestions made by DPE, the total power of the Board will be seven members from 14 available.
The movement comes at a time when the government is mostly trying to increase the hydro power capacity in the country in border states.
Ministry of Public Enterprises and the Ministry of Power, NTPC, THDCIL and Neepco’ya queries sent to the press time remained unanswered.
